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What is the amount of net free assets

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Reference no: EM132975019

Question - A statement of affairs shows P60,000 of assets pledged to partially secured liabilities of P130,000; P50,000 to unsecured bur priority creditors, and P180,000 to other unsecured creditors. Deficiency to unsecured creditors is P80,000.

What is the amount of net free assets?

What is the estimated amount of assets available to pay off all unsecured claims?

Reference no: EM132975019

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